LIFE OPTION
An annuity calculation option from an insurance company where the annuitant will calculate his or her annuitization of the investment in order to receive income payments from his or her annuity account. The insurance company assures the policyholder will be given payments for the rest of his or her life. Also, it structures amount of payment to make room for their profit margin. In simplest term, it aims to give peace of mind to the policyholder.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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